Corteva Inc

CTVA: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$42.00	Qrpmf	Mfzrqhff

Corteva Earnings: End of Inventory Destocking in Crop Protection Should Result in Profit Growth

Seth Goldstein

Feb 1, 2024

Corteva's fourth-quarter results and management's outlook for 2024 and 2025 were in line with our near- and long-term outlook for the company. Our thesis had been that the inventory destocking in crop protection would prove temporary and Corteva's differentiated portfolio, which underpins our wide moat rating, would drive long-term growth through improved pricing and profit margin expansion.

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